Matador Resources (MTDR) Target Pumped to $27 at Northland Capital Markets

Northland Capital Markets analyst Jeff Grampp bumped his price target on Outperform-rated Matador Resources Company (NYSE: MTDR) from $26 to $27.

Grampp commented, "MTDR announced encouraging results and provided a positive operational update in the Eagle Ford and Permian Basin. Solid execution continues in the Eagle Ford, where the company is in full-scale development mode and results from Permian Basin wells continue to look encouraging. As a result of the positive Permian Basin update, we are increasing our PT from $26 to $27 as we have increased confidence in the significant upside potential for the area."

For an analyst ratings summary and ratings history on Matador Resources Company click here. For more ratings news on Matador Resources Company click here.

Shares of Matador Resources Company closed at $22.17 yesterday.

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